New agreements with South Sudan

South Sudan and Norway have entered into two new development cooperation agreements.

Norway is to provide up to NOK 48 million for enhancing the management of South Sudan’s oil resources.

This is the first time the two countries have signed an agreement on the overall principles for their development cooperation.

“I am pleased that we have concluded an agreement of this kind. It will help to give the people of South Sudan faith in the future,” said Minister of International Development Heikki Eidsvoll Holmås.

Norway and South Sudan also signed a new agreement on the Oil for Development Programme. Norway is to provide up to NOK 48 million to this programme over the next two years.

“This new oil agreement signals that our cooperation is entering a new and exciting phase, which will include cooperation between the relevant ministries in our two countries. South Sudan’s oil revenues can have a great impact on development in this young country. These revenues must therefore be managed in a sound and transparent way, so that they can benefit the people,” said Mr Holmås.

So far, development cooperation between Norway and South Sudan has included transfer of Norwegian expertise on petroleum management, assistance in drawing up new legislation, and training of South Sudanese oil sector employees. It has also funded the building of offices for employees at South Sudan’s petroleum directorate.

State Secretary Torgeir Larsen signed the agreements on behalf of the Minister of International Development in the capital of South Sudan, Juba.

Related news

Latest news

USCG confirms OPtimarin in Line for Ballast Water Approval

The United States Coast Guard (USCG) has confirmed that Norwegian ballast water treatment specialist Optimarin has become the first supplier to submit an application for type approval.

New order for Servogear

Servogear announces that they have received a new order from Brødrene Aa. 

Norwater AS reports boost in sales

The Norwater team reports of great interest and busy days in 2016. In a press release, they state that as of the first 8 months of the year, 2016 sales are already beyond target for the year as a whole.

Gaia-facts reaching ground control

The European Space Agency (ESA) has released the first data from the Gaia mission, which has the tremendous task of building the most precise 3D map of the Milky Way.

Polish delegation for Norwegian circular waste management

Against the background of the EU's ambitious waste management targets, Norwegian and Polish stakeholders met on Wednesday 14 September in Drammen.

Milestone at Mongstad Water Treatment Plant

SAR AS reports that an extensive upgrade to the water treatment plant at Mongstad reached a new milestone July. 

Servogear signs new contract with Özata Shipyard

Servogear has announced the signing of a new contract with Özata Shipyard in Turkey. The contract includes the delivery of Servogear Ecoflow PropulsorTMfor two 39 meter passenger catamarans (YN 41 & YN 42).

Statoil and Petrobras strengthen strategic partnership

Statoil reports that they have strengthened their cooperation in Brazil by signing a Memorandum of Understanding (MoU) with Petrobras.

TechInvent and Island Offshore/Centrica announced winners of ONS Innovation Award

TechInvent and Island Offshore/Centrica were announced winners of the ONS 2016 Innovation Awards, at the Innovation Awards Ceremony Tuesday 30 August.